ATM Visits Decline as more Kenyans go Cashless
Kenyans now make less use of Automated Teller Machines (ATMs) and have instead shifted their transactions to mobile payments and other cashless platforms, says data from the Central Bank of [...]
Kenya Airways Partners with Avianor to Create Preighters
Kenya's national airline has partnered with leading Aircraft maintenance company, Avianor, to repurpose its aircraft cabins for cargo operation. The repurposed aircraft are referred to as Preighters'. The airline said [...]
Centum's Real Estate Unit lists KSh 3 Bond
Centum Real Estate Limited has listed its KSh 3 Billion corporate bond at the Nairobi Securities Exchange(NSE).The listing gives buyers of the three-year bond a platform to trade the security [...]Eveready Delays Publication of its End-Year Results on Pandemic Woes
Eveready East Africa Plc has announced to shareholders that it will delay reporting its results for the financial year ended 30th September 2020. “Due to unavoidable circumstances, we will not [...]Britam Holdings Names Mohamed Karama as Acting Chairman of the Board
Britam Holdings has named Mohamed Said Karama as the acting Chairman of the board of directors of the company following the retirement of Walter Andrew Hollas. Walter Andrew Hollas has [...]IM Appoints Christopher Low as New Regional Director
IM Holdings has named Allan Christopher Michael Low as the new Regional Director to replace Vincent De Brouwer who resigned in August 2020. Christopher Low is charged with ensuring effective [...]January Inflation Increases to 5.69% Following a Slight Uptick in Food, Transport Prices
Kenya recorded a slight increase in January inflation rate following an increase in food and transport cost. Inflation for the past month increased from 5.62% in December 2020 to 5.69% [...]
CBK raises KSh 15.9 Billion from weekly T-Bills Auction
The Central Bank of Kenya(CBK) raised KSh 15,982.03 Million out of the KSh 24 Billion worth of Treasury Bills offered at the weekly auction. Bids worth KSh 15,895.21 Million was [...]Citi Downgrades Safaricom Stock Due to Regulatory Uncertainty
Safaricom, Kenya's largest mobile operator, is facing increased regulatory risk which may affect its revenue stream according to analysts at Citi. One of the major threats to the company is [...]Regional Sales Boost EABL's Half-Year Earnings
The closure of bars and restaurants and ban on public gatherings introduced in Kenya in March 2020 had a negative impact on EABL's sales. In the half year period that [...]Google Grants $10 Million towards Kenya’s Post COVID-19 Recovery
Google has announced a $10 milliongrant to support Kenya's post-COVID-19 recovery efforts. This includes $3 million to help small businesses, $5 million for Kenyan startups, and $2 million for charity. [...]Kenya among Sub-Saharan Countries to Tap KSh30 Trillion for Clean Energy
The International Finance Cooperation (IFC), World Bank's investment arm, has named Kenya among the four sub-Saharan countries to benefit from theKSh30 trillionclean energy fund over the next ten years. According [...]
